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Magnetite Mines Boosts $2.65M Rights Issue Backing Amid Rare Earth Discovery

8:33pm on Friday 29th of August, 2025 AEST Mining
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Magnetite Mines Boosts $2.65M Rights Issue Backing Amid Rare Earth Discovery

8:33pm on Friday 29th of August, 2025 AEST
Key Points
  • 1 for 3 pro rata renounceable rights issue at $0.065 per share
  • Free attaching options exercisable at $0.12 for 2.5 years
  • Underwriting increased to $2 million by Mahe Capital Pty Ltd
  • Rights trading under ASX code MGTRG until 22 August 2025
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